Connecticut discusses conformity to federal research, experimental expenditures
By Jennifer J. Troyer, JD, Checkpoint News The Connecticut Department of Revenue Services has issued guidance discussing the state’s conformity …
Sanders calls for tax on ‘systemically important AI activity,’ payable in equity
Senator Bernie Sanders (I-VT) has proposed a remittance tax on certain artificial intelligence companies amounting to 50% of the company’s …
Dems Push for IRS Guidance on Cannabis Business Tax Treatment
A group of House Democrats has urged the IRS to issue prompt guidance for state-legal cannabis businesses following the recent …
5th Circuit holds U.S. FTC’s in-house adjudication of deceptive advertising claim unconstitutional under Jarkesy
By David Carpenter, Esq., Gordon Todd, Esq., and Kenneth Coffin, Esq., Sidley Austin LLP On March 20, 2026, the U.S. …
Wealth Management Expert’s Post OBBBA Planning Tips for High Earners
Michele Martin heads the wealth management practice at EisnerAmper and is the president of Prosperity. She shared with Checkpoint her …
Key 2026 Figures Calculated by Thomson Reuters Checkpoint Based on Inflation Data Now Available
Many tax, expensing, and penalty figures are adjusted annually for cost-of-living increases. These adjustments reflect the average chained Consumer Price …
‘One Powerful Bill’ To Address Expiring Tax Provisions and More
Republicans are eager to start delivering on President-elect Donald Trump’s campaign promises via reconciliation — a fast-track option available when …
R&D Expert: Capitalization, Amortization Requirement Hurts Smaller Businesses
An unpopular provision of the 2017 tax reform bill that disallows immediate expensing of research and development costs has created …
In Separate Actions, PCAOB Fines PwC US $2.75M and PwC Australia $600,000 for Quality Control Failures
In separate enforcement actions, the US Public Company Accounting Oversight Board (PCAOB) on March 28, 2024, fined PricewaterhouseCoopers LLP in …
Lawmakers Urge IRS to Close Corporate Airfare Tax Loophole
On the heels of President Biden’s State of the Union Address and a recent IRS announcement of a new enforcement …